HUAXIN CEMENT(SH:600801)2024-03-28 16:00Financial Performance - In 2023, the company achieved a net profit of CNY 2,482,299,167 and a net profit attributable to shareholders of CNY 2,762,116,715, representing a 2.34% increase compared to the previous year[3]. - The total operating revenue for 2023 was CNY 33,757,087,272, marking a 10.79% increase from CNY 30,470,382,363 in 2022[15]. - The net cash flow from operating activities increased by 36.51% to CNY 6,235,555,071 compared to CNY 4,567,694,220 in 2022[15]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 9.95% to CNY 2,322,113,737 from CNY 2,578,634,452 in 2022[15]. - The company reported a total profit for the year of 4.33 billion RMB, with a net profit attributable to shareholders of 2.76 billion RMB, reflecting increases of 8.48% and 2.34% respectively compared to the previous year[43]. Earnings and Dividends - The basic earnings per share for 2023 were CNY 1.33, a 2.31% increase from CNY 1.30 in 2022[16]. - The diluted earnings per share rose to CNY 1.32, reflecting a 3.13% increase from CNY 1.28 in the previous year[16]. - The company plans to distribute a cash dividend of CNY 0.53 per share based on the total share capital of 2,078,995,649 shares as of the end of 2023[3]. Assets and Liabilities - The company's total assets as of the end of 2023 were CNY 68,800,268,263, a 7.1% increase from CNY 64,241,676,265 at the end of 2022[15]. - The net assets attributable to shareholders increased by 5.42% to CNY 28,932,949,847 compared to CNY 27,446,305,028 at the end of 2022[15]. - The company's total liabilities reached CNY 35.51 billion in 2023, up from CNY 33.40 billion in 2022, marking an increase of around 6.31%[199]. Production and Sales - Aggregate sales volume increased by 100% to 13.137 million tons year-on-year[24]. - Concrete sales volume grew by 66% to 2.727 million cubic meters year-on-year[24]. - The company's operating revenue from overseas markets was 5.439 billion RMB, reflecting a 30% year-on-year growth[24]. - The company sold 13.14 million tons of aggregates, a significant increase of 100% year-on-year, and concrete sales reached 2.73 million cubic meters, up by 66%[43]. Capacity and Expansion - Aggregate production capacity reached 277 million tons per year, up 32% year-on-year[24]. - Concrete production capacity increased by 77% to 122 million cubic meters per year[24]. - The company successfully acquired 64.66% of Oman Cement Company SAOG and 100% of Natal Portland Cement Company (Pty) Ltd., expanding its overseas business to the Middle East and Southern Africa, with an effective overseas cement grinding capacity of 20.91 million tons per year by the end of 2023[25]. Research and Development - The company’s research and development expenses surged by 285.22% to 301.1 million RMB, indicating a strong focus on innovation[44]. - The company holds 77 invention patents and 130 utility model patents as of the end of 2023, showcasing its strong innovation capabilities[36]. - Research and development investments increased by 30%, focusing on innovative cement technologies[81]. Environmental and Sustainability Efforts - The company is committed to digital transformation, successfully implementing low-carbon manufacturing systems in 8 domestic plants and establishing a digital framework in overseas facilities[25]. - The company achieved a total alternative fuel usage of 4.37 million tons, an increase of 500,000 tons compared to the previous year, with a group-wide calorific value substitution rate reaching 20%, up by 6 percentage points from 2022[25]. - The company aims to reduce carbon emissions by 20% over the next five years through new technologies[81]. - The company reported a significant reduction in SO2 emissions across various plants, with values consistently below regulatory limits[124]. Strategic Initiatives - The company will continue to implement its four strategic initiatives, focusing on integrated development, overseas expansion, new building materials, and digital innovation[66]. - The company is actively developing new low-carbon building materials, including ultra-high-performance concrete and new wall materials, to provide green solutions for construction[32]. - The company is exploring potential mergers and acquisitions to strengthen its market position and enhance operational efficiency[124]. Governance and Compliance - The company’s governance structure complies with the requirements of modern enterprise systems and relevant regulations, with no significant discrepancies noted[74]. - The company has established a comprehensive compensation system to motivate employees and align their performance with company goals[106]. - The company reported no significant risks identified by the supervisory board during the reporting period[103].